Cash buyers for the above mentioned areas, please reach out to me and send me your contact information and I will give you a call.Thanks again!

And as you mentioned if paying (knowing what is owed) makes sense than yes ill definitely still be interested in pursuing it. 

If it was built in 1860 I have reservations because of the age.

Most of the advertised "bank approved price" are as I mentioned above.  

@Benjamin Wishart Just needed a legitimate answer to that age old business question, "do you have a card?"

As Chris mentioned, the infrastructure costs could be significant. 

Look back to when there were sales in both age groups.  

Yes they are old and many need substantial work, but you have a major advantage over people living in more expensive areas of the country, not to mention a great supply of small multifamily homes.

Although I have friends and relatives in the areas mentioned above I can't lean on them for the day to day management and maintenance of my future properties.How did you acquire your first property manager? 

Your expenses could be more or less depending on the condition and age of the property, and since this owner doesn't seem to have it together, I'd err on the side of caution and expect the worst.